Europe Set for Colder January With Less Wind, More Gas Use
- Wind generation seen lower than long-term averages for Europe
- Heating demand may further accelerate drop in gas reserves
Commuters in La Defense business district in Paris.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Europe is set for a colder-than-usual January, possibly with weaker wind levels, boosting demand for natural gas just as the continent confronts the end of a Ukraine-Russia pipeline transit agreement this week.
A sharp drop in temperatures is expected at the start of January for most of the UK, France, Germany and the Nordics, and the cold snap will persist over the course of the month, according to forecaster Maxar Technologies Inc. Snow is expected in the UK, data from the Met Office show, with weather warnings in place for the beginning of the month.